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Requlred Information Exercise 2-19B Record transactions, post to T-accounts, and prepare a trial balance (L02-4,2-5, 2-6) (The following Information applies to the questions displayed below.)
Requlred Information Exercise 2-19B Record transactions, post to T-accounts, and prepare a trial balance (L02-4,2-5, 2-6) (The following Information applies to the questions displayed below.) A company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions. 1. January 1 Issue 10,800 shares of common in exchange for $23,000 in cash. 2. January 5 Purchase land for $14,500. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,100 cash. 4. January 12 Hire three employees for $1,100 per month. 5. January 18 Receive cash of $11, 190 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,100 on account. 7. January 31 Bay employees 33,388 for the first month's salaries. Exercise 2:19B Part 2 2. Posteach transaction to T-accounts and calculate the ending balance for each .ccount. For each posting, indicate the Corresponding tecton number and the approprlate transaction amount. Since this is the first month of operations, all T-acco 13 9 begin ng balance of zero. 10 Required infomation 2 of 3 Beg. bal. Beg. bal 7 100 (3) End. bal. Eng bal Book Land Beg. ball Equipment Beg. bal Brenzes end bal. End, bal Common Stock Accounts Payable 4+ Beg. bal. End bae Notes Payable Servies Revenue Beg. bal end Required infomation End, bal. End. bal. Conne Beg. bal. Beg. bal. End: bal. End. bal Notes Payable serviee Revenue Beg. bal. Beg. bal. End. bal. End bal. Salaries Expense + Beg. bal End. bal
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